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Person waited 3 years without $40k and no interest. And it's a good deal for those without reservation. Genius move.

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Agreed! Smart. Would anyone say no to 40-50 grand over what they paid? Not many I don't think... In case anybody here wants to give me 200 grand for my car hit me up with an instant message. I'm in! lol

You do not need to keep the car for a year to get the tax credit. The credit goes to the first person who registers the car. Now wither or not they want to deduct the credit from the price is another thing.

The vehicles must be acquired for use or lease and not for resale. Additionally, the original use of the vehicle must commence with the taxpayer and the vehicle must be used predominantly in the United States. For purposes of the 30D credit, a vehicle is not considered acquired prior to the time when title to the vehicle passes to the taxpayer under state law.

Person waited 3 years without $40k and no interest. And it's a good deal for those without reservation. Genius move.

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Agree. The guy paid $144,200 plus tax (nearly $10K in Texas, I believe). So $154K, maybe he gets the $7500 back in Federal taxes, so $146,700 net. He asked for $170K (which would have been about $23K net profit after fees), accepted best offer of an unknown amount. He previously had it listed for $150K opening bid and had two bids on it (had not met reserve) before he cancelled the auction saying there was an error in the listing, then reposted it for $170K. I hope he got at least $160K as that would be $13K of profit for the $40K interest free loan he gave Tesla to hold a Signature Model X for him. And some lucky buyer gets to swoop in and take it home with no waiting for what... a 10% or 15% premium? Win, win.

As a Model X buyer, I'm thrilled to see there's high demand for the car. I'd be even happier if he had gotten $200K for it. This guy apparently got $175K and it wasn't up there for more than a couple of days:

Agree. The guy paid $144,200 plus tax (nearly $10K in Texas, I believe). So $154K, maybe he gets the $7500 back in Federal taxes, so $146,700 net. He asked for $170K (which would have been about $23K net profit after fees), accepted best offer of an unknown amount. He previously had it listed for $150K opening bid and had two bids on it (had not met reserve) before he cancelled the auction saying there was an error in the listing, then reposted it for $170K. I hope he got at least $160K as that would be $13K of profit for the $40K interest free loan he gave Tesla to hold a Signature Model X for him. And some lucky buyer gets to swoop in and take it home with no waiting for what... a 10% or 15% premium? Win, win.

As a Model X buyer, I'm thrilled to see there's high demand for the car. I'd be even happier if he had gotten $200K for it. This guy apparently got $175K and it wasn't up there for more than a couple of days:

I think it is less than $23K after ebay and paypal fees. More like $20K. The seller should get the sale tax back which i think is buyer's responsibility. So that might cover the fees from selling. But yeah worst case 50% increase in the 40K put down 3 years ago. Or around 15% or so APR interest which is unheard as of now.

Let's hope this guy pays his captial gain tax on the $20K. So all in all i think this person probably made out at least around $13K or if they follow all the tax rules. But then again from 2013 to 2014 the stock market went up probably more than 50% cumulatively if invested wisely. 2015 was a dud. So i dont know which is a better investment for the $40K.

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